If you just flat aren't comfortable with debt, then that's one thing, but I don't get the impression that's necessarily the case.

Heavy cases of clear cut fraud and flat out lying to their investors. 

So now I'm thinking flats or small houses in towns that would be attractive to multiple markets (potentially expats, tourists, students, locals).1. 

Look at the application, start pricing third party flat fee services for each step.

The only other fee we charge for this program is a flat $1,500 services fee.

My personal thesis is to avoid the HOA altogether, problem solved.RESTRICTIVE COVENANTS can still run with the land even if there is no HOA, placed on by the developer.

There are also companies that will do it for $100-300 flat fee or $30-50/yr.

I'll just add that having many SFRs, duplexes, 3-flats already that helps the transition.

The lot is flat and level, so we only need a short gravel driveway.

I think that '25 will be a transition year ("end the dive in '25") for the reasons you stated--construction will fall off in Q2-3 but demand will remain...that sparks rent growth.Interest rates:  Yes, flat to up.